# Parker-Hannifin agrees recommended all-cash acquisition of Meggitt PLC

Parker-Hannifin agreed to buy all of Meggitt PLC, the Coventry-based aerospace and defense motion and control company, for about GBP 6.3 billion in cash. The deal remains subject to regulatory clearances and Meggitt shareholder approval.

- Type: Acquisition
- Announced: 2021-08-02
- Where: Coventry, United Kingdom
- Value: $8.70B (6.30B GBP)
- Status: announced
- Products: aerospace motion and control technologies, aerospace and defense technologies
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Parker-Hannifin](https://endata.com/companies/479.md) (acquirer)
- [Meggitt](https://endata.com/companies/1177.md) (target)

## Sources

- [investors.parker.com](https://investors.parker.com/news-events/press-releases/detail/48/parker-announces-recommended-all-cash-acquisition-of), 2021-08-02: "Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it has reached an agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Meggitt"
- [negocios.com](https://www.negocios.com/actualidad/la-estadounidense-parker-hannifin-ofrece-7-374-millones-por-la-empresa-britanica-de-defensa-meggitt/20210802162019404010.html), 2021-08-02: "ofrece abonar 800 peniques en metálico por cada una de las acciones de Meggitt, lo que representa una prima del 70,5% sobre el precio de cierre"
- [investors.parker.com](https://investors.parker.com/news-events/press-releases/detail/44/parker-hannifin-recommended-all-cash-offer-for-meggitt-plc), 2021-09-21: "Meggitt Shareholders have today approved the terms of the recommended cash acquisition of the entire issued and to be issued ordinary share capital of Meggitt PLC"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.